Market Overview:
The global Balsa Core market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and eco-friendly materials across different industries. The monolayer segment is expected to hold the largest share of the global Balsa Core market by type during the forecast period, owing to its high strength-to-weight ratio and low manufacturing cost as compared to other types of core materials. By application, wind energy is projected to be one of the fastest growing segments in terms of revenue during 2018–2030, owing to stringent government regulations mandating use of renewable sources for power generation.
Product Definition:
Balsa core is a material used in the construction of light weight, high performance structures. It has a very low density and high strength to weight ratio. This combination makes it an ideal material for use in cores for sandwich panels.
Monolayer:
Monolayer is a single layer of laminates or films, which are used in various applications including furniture, transportation and packaging. Monolayer products have high strength to weight ratio and excellent mechanical properties making it suitable for use in end-use industries. Increasing demand from the above mentioned end-use industries coupled with low cost of monolayer as compared to multilayer laminates is expected to drive the market over the forecast period.
Multilayer:
Multilayer is a construction where more than two layers of laminates are used to sandwich the wood. It increases the strength and rigidity of the instrument. The multilayer core market is expected to grow at a significant rate owing to its increasing usage in making musical instruments such as guitars, banjos, mandolins, ukuleles and others.
Application Insights:
The global market is segmented by application into wind energy, aerospace, marine, transportation and construction. In 2016, the wind energy segment dominated the industry with a revenue share of over 40%. The growth of this application can be attributed to increasing government support for renewable sources of energy.
Balsa core is widely used in the manufacture of lightweight materials for use in aircraft and automobiles. These cores are also used in sporting goods such as golf clubs and tennis rackets which need to be lightweight but still strong enough to perform their intended functions under normal conditions. Balsa wood has excellent properties making it suitable for use in golf club heads as well as racket handles thus driving its demand from various end-use industries including sports equipment manufacturing globally over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to high product demand from wind energy, aerospace, marine and other applications. China is projected to remain a key manufacturing hub for balsa core due to low labor costs as well as availability of cheap raw materials such as bamboo.
The European market consists mainly of Germany, Italy and U.K., wherein automotive manufacturers are shifting their production bases toward Eastern Europe or Asia Pacific owing to stringent regulations on vehicle emissions in these regions. In addition, increasing R&D activities by various organizations based out of Europe are likely boost industry growth over the coming years. For instance, EASA (European Aviation Safety Agency), has approved Type Certificate renewal request filed by Tianjin Airlines Co., Ltd., which includes modifications made necessary by airframe corrosion issues (BAC 1-11).
Growth Factors:
- Increasing demand for lightweight and strong materials in the aerospace and automotive industries
- Growing popularity of balsa wood in model aircrafts and other hobbyist applications
- Rising use of balsa core as a substitute for traditional plywood in boat-building applications
- Increasing demand from the construction industry for lightweight, high-strength building materials
- Growing awareness about the environmental benefits of using balsa wood over other lumber alternatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Balsa Core Market Research Report
By Type
Monolayer, Multilayer
By Application
Wind Energy, Aerospace, Marine, Transportation, Construction, Others
By Companies
A, Airex, Carbon-Core, CoreLite, Diab, Gurit, I-Core Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Balsa Core Market Report Segments:
The global Balsa Core market is segmented on the basis of:
Types
Monolayer, Multilayer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wind Energy, Aerospace, Marine, Transportation, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- A
- Airex
- Carbon-Core
- CoreLite
- Diab
- Gurit
- I-Core Composites
Highlights of The Balsa Core Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monolayer
- Multilayer
- By Application:
- Wind Energy
- Aerospace
- Marine
- Transportation
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Balsa Core Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Balsa Core is a lightweight, cross-platform development framework for building mobile apps. It provides an easy way to create and manage your app's user interface, as well as its core functionality. Balsa Core also includes features to help you build robust and reliable apps.
Some of the major companies in the balsa core market are A, Airex, Carbon-Core, CoreLite, Diab, Gurit, I-Core Composites.
The balsa core market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balsa Core Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Balsa Core Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Balsa Core Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Balsa Core Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Balsa Core Market Size & Forecast, 2020-2028 4.5.1 Balsa Core Market Size and Y-o-Y Growth 4.5.2 Balsa Core Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monolayer
5.2.2 Multilayer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Wind Energy
6.2.2 Aerospace
6.2.3 Marine
6.2.4 Transportation
6.2.5 Construction
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balsa Core Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balsa Core Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monolayer
9.6.2 Multilayer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Wind Energy
9.10.2 Aerospace
9.10.3 Marine
9.10.4 Transportation
9.10.5 Construction
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monolayer
10.6.2 Multilayer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Wind Energy
10.10.2 Aerospace
10.10.3 Marine
10.10.4 Transportation
10.10.5 Construction
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monolayer
11.6.2 Multilayer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Wind Energy
11.10.2 Aerospace
11.10.3 Marine
11.10.4 Transportation
11.10.5 Construction
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monolayer
12.6.2 Multilayer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Wind Energy
12.10.2 Aerospace
12.10.3 Marine
12.10.4 Transportation
12.10.5 Construction
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monolayer
13.6.2 Multilayer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Wind Energy
13.10.2 Aerospace
13.10.3 Marine
13.10.4 Transportation
13.10.5 Construction
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balsa Core Market: Competitive Dashboard
14.2 Global Balsa Core Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A
14.3.2 Airex
14.3.3 Carbon-Core
14.3.4 CoreLite
14.3.5 Diab
14.3.6 Gurit
14.3.7 I-Core Composites